Of the three key critical minerals, nickel has the darkest outlook because of cheap supply from Indonesia, but investors are backing copper as demand picks up.
Iron ore prices are not factoring in a wave of new supply, leaving the commodity vulnerable to the same collapse that smashed battery metals, Yarra warns.
MARKET WRAPS Watch For: EU FCCI flash consumer confidence indicator; UK public sector finances; trading updates from Fresenius, Glencore, JDE Peet s, Rio Tinto, BAE Systems, Wolters Kluwer.